Most new traders approach the market in the wrong way. They some how get the idea that being a trader is all about finding the right method. So they go on an expedition in search for that perfect combination of indicators, and it rarely ends well.
The truth is becoming a trader has very little to do with the system you use.
I have no real trading system. I have a trading method which is the composition of a few simple concepts. I believe a system sets out rules and limitations. A method, on the other hand, gives you the basic tools but the implementation is up to you.
The problem with trading systems is they are too rigid for a changing market so they do not work. The problem with a trading method is that you have to have the right mindset to properly implement the basic concepts of the method.
So how do you develop the right mindset?
Well I’ll tell you how I did it. I started off small. Instead of complicating trading I simplified it. From there, I was able to learn how to become consistently profitable. Here’s how I did it;
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